U.S. Federal Reserve Chairman Alan Greenspan sounded a somewhat optimistic note on economic prospects last week.
In his testimony before the Senate Budget Committee on Jan. 24, Greenspan said there are signs that the "forces restraining" the U.S. economy over the past year are "starting to diminish," with economic activity "beginning to firm."
Indeed, his testimony followed a slew of upbeat economic reports that the U.S. economy could have already hit bottom.